Notes>Development Economics>4.7 The role of international debt

4.7: Balance between markets and intervention

Definitions   Market-oriented policies are designed to minimise the role of the government and to maximize the free trade forces of supply and demand in markets to achieve economic growth in a country. Interventionist policies involve an active role by the...

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The role of international debt

 The role of international debt Foreign debt: the amount of money owed by one country to foreign lenders, including international financial institutions, governments and commerical banks. Developing countries often find themselves in debt because they are unable to...

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